Jinhong Group (603518): Profit margins increased sharply as scheduled, and cash flow continued to improve

The 2023 results are in line with our expectations. The 1Q24 results are slightly higher than our expectations. The company announced the 2023 and 1Q24 results: the company's revenue in 2023 was 4.545 billion yuan, +16.6% year-on-year; net profit to mother

中金公司May 1 11:46

Jinhong Group (603518): Actively promote channel structure optimization and steady improvement of operating quality

Investment Highlights The company announced its 2023 annual report and 2024 quarterly report: 1) 2023: revenue of 4.545 billion yuan/yoy +16.55%, net profit to mother of 298 million yuan/yoy+316.76

東吳證券Apr 30 20:26

Jinhong Group (603518) Company Information Update Report: Channel adjustments continue to advance, optimistic about steady future development

The channel adjustment strategy is progressing steadily, and we are optimistic about steady future development. Maintaining the “buy” rating, the company achieved revenue of 4.545 billion yuan (+16.6% year over year) and net profit of 298 million yuan (year-on-year +3).

開源證券Apr 29 07:51

Open Source Securities released a research report on April 28 stating that Jinhong Group (603518.SH) was given a buying rating. The main reasons for the rating include: 1) brand side: still rising steadily after TW closes; VGRASS continues to increase in

Open Source Securities released a research report on April 28 stating that Jinhong Group (603518.SH) was given a buying rating. The main reasons for the rating include: 1) brand side: still rising steadily after TW closes; VGRASS continues to increase in the short term; 2) channel side: channel adjustments are progressing steadily, and 2024Q1 franchises continue to increase; 3) gross margin remains stable and superimposed cost rates continue to decline, profitability continues to increase, and inventory turnover continues to improve. (Mainichi Keizai Shimbun)

Zhitong FinanceApr 28 16:16

Jinhong Group (603518): Strong performance growth in 23 years, net interest rate increased as scheduled for 24 years, and we expect the channel structure to continue to be optimized

In 2013, revenue and net profit to mother increased 17% and 317% year over year, and 24Q1 -1% and +13% year-on-year, Jinhong Group released its 2023 annual report and 2024 quarterly report. The company achieved operating income 45 in '23.

光大證券Apr 27 00:00

Jinhong Group (603518): Expand franchises, improve store efficiency, and have beautiful operating cash flow

Incident Overview In 2023, the company's revenue/net profit attributable to mother/ net profit deducted from non-mother and operating cash flow were 45.45/2.97/2.70/ 933 million yuan respectively, up 16.55%/316.76% /4

華西證券Apr 26 20:36